Word: atlases
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Dates: during 1960-1969
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...sadly awry. Where the New York-Miami run had once turned a tidy profit for two airlines-Eastern and National-it became a losing proposition for three. Eastern and National blamed their new losses on the competition from Northeast. Northeast Chairman David Stretch, 53, who is also president of Atlas Corp. (which owns 56% of Northeast's stock), blamed his losses on financing problems. By granting Northeast only a five-year certificate on the Miami route, the CAB frightened the bankers, who would only give Northeast five-year loans (v. the normal seven-to ten-year loans...
Last week, on the heels of a desperate declaration by Northeast that it might have to suspend service within days for lack of fuel money, Hughes proposed that Atlas Corp. sell him its controlling interest in the airline. The CAB has never made any secret of its distaste for Hughes, and to invite him back into the airline business would be humiliating indeed. But since no one else seemed prepared to bail Northeast out, to rebuff Hughes would very likely mean that Northeast would become the second major U.S. airline (the first: Capital) to disappear within a year...
...equipment. But the big, brute-power feats belonged almost exclusively to the U.S.S.R. The rockets that orbited the two Russian astronauts earlier this year had developed an estimated 1,000,000 lbs. of thrust. At the time, the most powerful U.S. rocket in operation was the 400,000-lb. Atlas...
...Saturn, boosted by two 1,500,000-lb. North American F-1 engines, is programed to put a three-man spacecraft called Apollo into orbit around the moon. In the meantime, the U.S. hopes to start landing instruments on the moon next year with an improved version of the Atlas missile; it will have a liquid hydrogen engine in its second stage, match the power of Russia's 1,000,000-lb. rockets. By 1967, the U.S. hopes to land men on the moon with the Nova, a rocket still under study that may end up being powered...
American Machine & Foundry Co., more widely known for its automatically controlled bowling Pinspotters, is in aerospace with launch site mechanisms for Titan I, Atlas and Minuteman plus a projected moon wagon which will travel on wire brushes...